It's a defined risk trade, so you don't necessarily need to adjust it. I often do...with mixed results. 

They're following passive flows. Nasdaq will outperform just because of flow structure, except for short periods of time (because markets don't move in a straight line)

Interesting Specs got longer nasdaq and shorter Russell 

Iron Condor - as long as you adjust it, when needed, can avoid major losses, as I have said.

SOL - that "obvious short" worked, but didn't work for long.  I'm glad I decided not to take the bait and HODL. Crypto made my day today. 

Yes. I was in a 1 year / 2 semester, 2 hours per class, 5 days a week CFP study group back in the day and we debated this topic hotly on quite a few occasions.  The consensus was mostly that residential RE is not a great investment...probably break even or worse given all the data. However, we also decided that it was probably better for Americans be in it anyway because it's a form of forced savings, even if the return profile is slightly negative, on average.  Americans are notoriously bad at saving, so this form of forced savings has benefited them greatly. Nothing wrong with knowing your weaknesses and using a gimmick to get around it instead of actually addressing the root problem....it typically works out.

The pain to reach "consensus" was no joke though. People tend to lose their minds when you first suggest that RE is not a great investment. 

Wishing everyone a nice weekend - have to run to an appointment 

I agree with you - banks don’t want to pay the taxes, do maintenance, pay utilities or special assessments, insurance, HOA fees, etc. over time.  All those expenses don’t reduce capital gains for the homeowner, but impact any real gains.  Although, We have to live somewhere and for the most part, real estate does go up with inflation 

It's the same question people should ask themselves about real estate. If it's such a great investment, why do the banks loan me the money for a measly APR when they could just buy it themselves and get in on the good stuff?   There's nothing preventing them and they have a duty to shareholders.  Well, it's because they are typically on the right side of the real estate trade over the long term.  In other words, RE is not the panacea investment it's cracked up to be...not by a long shot. If I was wrong about that, I promise the banks would be in on the buy side of the trade. 

They get paid to make markets. They are fine with neutral.  Lots of transaction fees.

But yes, the degens figured out how to play them...and now the big boys have joined in on the larger names.  I'm sure there are super computers keeping the dealers neutral. 

The calls far outweigh the aug options....but very few on the OTM options,  which is what one looks at to anticipate Gamma Squeeze?   Why would the market makers let themselves get played like that?

Steveo - I'm not good at it the actual measurement...the theory mostly gets me done...but there are a few good sources on X you should check out.

The thing that works for me is simply looking at an options chain and putting myself in the position of the dealer. If I'm selling a crap ton of out of the money calls, I might think the buyers are morons, but I have to buy the stock to hedge in case they just happen to be right. If I'm selling them 10 delta calls, I have to buy 10 shares to neutralize and just pocket fee...and then I have to buy more as price / delta rises. 

I would rather bet on a recovery in FSLR or bottom fish in SPWR, but I'm in neither right now.

I actually detest Sunrun as a company, but I would be happy to make money off their ticker, short squeeze anyone?

NOVA - Chart Link- my interpretation of NOVA.  Battle around 200 day MA

how would you specifically look at the Gamma on this one, trying to learn something

Yes, the triangle at the end of the wedge.   Promising if I dont get stopped out, only .15 below purchase, could be too tight.

I see large short interest. Horrible fundamentals and a sector that is rallying based on the media telling us Kamala is awesome and winning the election. I was born and raised in Kali, so color me skeptical on this one. 

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